From the New Statesman (link):
According to Hu Jintao, China’s president and general secretary of the Chinese Communist Party, Marxism is still applicable in China. And, in a recent announcement that has startled analysts, the party has pledged “unlimited funds” to the cause of “reviving” Marxism in China, in an attempt to turn the country into the global centre for Marxism studies…
This most remarkable ideological high-wire act since new Labour abandoned Clause Four is a sign, perhaps, that the CCP’s identity crisis is reaching fever pitch. Marxism, or the local variant of it, was the ideology that produced stagnation in China for the first 40 years of the revolution, an ideology that few in China today remember, let alone subscribe to, and which the Chinese Communist Party itself appeared to abandon as a working model in 1992. China’s current success derives from ditching Marx in favour of Warren Buffett.
